The WorkOasis Spend Analysis application is designed to provide you with detailed operating information on each element of your facility management budget, allowing you to more effectively purchase services and products. Because all of your vendors are required to invoice online, you are given access to information at the line item level for each transaction and category of service.
Our custom reporting module provides you with a tool to mine that data and turn it into information for sourcing purposes. Perhaps you need to know how much money you spent in Peoria on plumbing last year, or the average transaction cost for HVAC preventative maintenance across your portfolio, or even the relationship between service quality and hourly rates for a category of service vendors. It is all at your fingertips and easily accessible by any user with permission to view performance information.
Finally, you can export that information to Excel for further manipulation, reporting and analysis via a flat file transfer, or invest in a real time data exchange to interface with other enterprise procurement and/or financial systems.
Use of the Spend Analysis application will improve your understanding of your current purchasing and provides you a tool for more effectively sourcing services and products in the future.